{"id":130961,"date":"2018-07-28T11:37:49","date_gmt":"2018-07-28T15:37:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=130961"},"modified":"2018-07-28T11:37:49","modified_gmt":"2018-07-28T15:37:49","slug":"bitcoin-speculators-slightly-edged-bearish-net-positions-higher-this-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/bitcoin-speculators-slightly-edged-bearish-net-positions-higher-this-week\/","title":{"rendered":"Bitcoin Speculators slightly edged bearish net positions higher this week"},"content":{"rendered":"
July 28, 2018<\/div>
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By CountingPips.com<\/strong> – Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n

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Bitcoin Non-Commercial Speculator Positions:<\/b><\/p>\n

Large cryptocurrency speculators very slightly added to their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.<\/p>\n

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,651 contracts in the data reported through Tuesday July 24th. This was a weekly fall of -11 contracts from the previous week which had a total of -1,640 net contracts.<\/p>\n

Speculative bearish contracts rose for a second week this week to a new most bearish level since June 12th when the net positions totaled -1,945 contracts.<\/p>\n

Small traders, meanwhile, increased their existing bullish positions this week by an equally offsetting 11 contracts to the current bullish level of 1,651 net contracts.<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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Bitcoin Futures COT Data: Speculators vs Small Traders<\/strong><\/p>\n

The Bitcoin futures data is in its thirty-second week since the beginning of the cryptocurrency futures data releases on December 19th. The data includes trader classifications of only speculators and small traders and without commercial traders (typically business hedgers or producers of a commodity).<\/p>\n

Speculators continue to be on the bearish side of this market while the small traders have been on the bullish side\u00a0since the start of the bitcoin data releases.<\/p>\n

Bitcoin per USD:<\/b><\/p>\n

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Cryptocurrency Futures closed at approximately $8257.64 which was an advance of $899.29 from the previous close of $7358.35, according to unofficial market data.<\/p>\n

*COT Report:<\/strong> The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders\/speculators). Find CFTC criteria here: (http:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/ExplanatoryNotes\/index.htm).<\/p><\/blockquote>\n

Article By CountingPips.com<\/strong> – Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By CountingPips.com – Receive our weekly COT Reports by Email Bitcoin Non-Commercial Speculator Positions: Large cryptocurrency speculators very slightly added to their bearish net positions in the Bitcoin futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-130961","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=130961"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130961\/revisions"}],"predecessor-version":[{"id":130975,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130961\/revisions\/130975"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=130961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=130961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=130961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}